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(Equilibrium (Given (P (Higher (Surplus # (Solution (Purchase), Floor)),…
Equilibrium
QS=QD
Given
Q
P
Higher
Surplus
#
Solution
Purchase
Floor
Lower?
Shortage
Ceiling
Black Market
Solutions
Subsidy
Rationing
Shiftings
Table
2 Down
Price
Indeterminate
Quantity
Down
S(Up); D(Down)
Price
Down
Quantity
Indeterminate
2 Up
Quantity
Up
Price
Indeterminate
S(Down); D(Up)
Price
Up
Quantity
Indeterminate
Rationing
#
